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Nj casualty insurance test answers 100% correct
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Nj casualty insurance test answers
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Nj casualty insurance test answersTotal relicensing required for each line of authority - answer20 hours
Temporary work authority - answer60 days
Temporary license valid deceased - answer180 days
Before license expiration, producer must submit renewal application - answer10 days
To renew lapsed license without taking written exam - answer1 year
For nonresident licensee to notify Department of intent to qualify as resident - answer20
days
Education waiver for new resident with valid nonresident license - answer90 days
Before producer with revoked license can apply for reinstatement - answer5 years
To report change of mailing address or of business address or name - answer30 days
For insurers to notify Commissioner of canceled agency contract - answer15 days
To report the opening or closing of a branch office - answer30 days
For premiums to be remitted to the insurer or to the insured - answer5 business days
Producer must report claims to the insurer after receipt of notice of claim - answer5
days
Producer must deliver policies to the insured after receiving them - answer10 calendar
days
Producer must reply in writing to inquiries from the Commissioner - answer15 calendar
days
Keep records of financial transactions after termination of coverage - answer5 years
Fine per violation for unintentional violations - answer$1,000
Fines per violations for willful violations - answer$5,000
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